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This site provides extensive information about the ranges of Edmond de Rothschild Group funds. In particular, it provides simplified access to key fund-related data (performance, net asset values, features) and their commercial or legal documents.

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Investment objective

The objective of the Sub-Fund is to provide long-term optimum growth of your capital by investing in “alternative management” funds (hedge funds).

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Commentary 31/07/2017

Global equity markets posted gains in July led by Italy, China, Brazil and India. The US Dollar declined against other major currencies, whilst the Euro keeps strengthening. Global risk appetite remains strong with a weakening USD favouring exposure to EM markets where valuations remain relatively cheap. Commodities were positive led by a surge in oil, but also gains in gasoline, coffee, copper, sugar and precious metals, whilst natural gas, wheat and corn declined. Inflation expectations remain high in the US economy as the dollar keeps weakening and oil prices appreciated, making a stronger case for a Fed rate hike later this year. In July, US interest rates posted modest increases across most maturities, whilst European yields posted narrow declines. Euro high yield spreads reached 10-year lows. Implied volatility went down during the month near historical lows.In that context, our Hedge Funds posted positive performances across the board in July. Global Equity Long/Short was the best performing strategy led by exposure to European names and US technology, healthcare and energy names. Emerging Markets Long/Short Equity managers also posted strong positive performances from exposure to emerging Asia and LATAM regions. Event Driven managers posted positive gains from Special Situations and distressed/restructuring deals, offset by losses from the merger arbitrage space.At the end of the month, we have increased further the allocation to Event Driven managers (+1.0%) at now 20.0% allocation, and reduced our allocation to Global L/S Equity managers (-0.5%) and EM L/S Equity managers (-0.5%) at now 72.0% and 8.0% allocations respectively.

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Change in NAV

You are about to download the historical data for a portfolio. Please note that past performance is not an indication of future performance and it may vary over time. They may be affected, for example, by changes in exchange rates

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Net dividends reinvested Past performance and volatility does not guarantee future performance and volatility which may change over time, and can be affected by fluctuating exchange rates. Performance data does not take into account the fees and charges received when issuing and redeeming units.

Performance C-USD

Cumulative

Annualised

Since 01/01/2017

7.45 %

10.94 %

7.45 %

10.94 %

1 Year

7.34 %

-9.06 %

7.34 %

-9.06 %

3 Year

3.85 %

-0.45 %

1.27 %

-0.15 %

–

–

–

–

Since inception

21.70 %

36.25 %

4.20 %

6.70 %

Since 01/01/2017

1 Year

3 Year

5 year

Since inception

Cumulative

Share class (C-USD)

Market index

7.45 %

10.94 %

7.34 %

-9.06 %

3.85 %

-0.45 %

–

–

21.70 %

36.25 %

Annualised

Share class (C-USD)

Market index

–

7.34 %

-9.06 %

1.27 %

-0.15 %

–

–

4.20 %

6.70 %

*Rolling periods

Annual performance

Net dividends reinvested Past performance and volatility does not guarantee future performance and volatility which may change over time, and can be affected by fluctuating exchange rates. Performance data does not take into account the fees and charges received when issuing and redeeming units.

Statistics

Volatility

Correlation coefficient

Sharpe ratio

Max. drawdown

Alpha

Share class C-USD

Market index

Share class C-USD

Market index

Share class C-USD

Market index

Share class C-USD

Market index

Share class C-USD

Market index

1 Year*

5.81 %

48.72 %

0.33 %

–

-0.20 %

–

-1.25 %

–

0.62 %

–

3 Year *

4.60 %

16.25 %

0.44 %

–

-0.03 %

–

-10.84 %

–

0.10 %

–

Beta

Share class C-USD

Market index

1 Year*

0.04 %

–

3 Year *

0.12 %

–

Max. monthly gain Since inception

3.25 %

Max. monthly loss Since inception

-3.27 %

Share class C-USD

Market index

1 Year*

3 Year *

1 Year*

3 Year *

Volatility

5.81 %

4.60 %

48.72 %

16.25 %

Tracking Error

–

–

–

–

Sharpe ratio

-0.20 %

-0.03 %

–

–

Alpha

0.62 %

0.10 %

–

–

Correlation coefficient

0.33 %

0.44 %

–

–

Max. monthly loss

-3.27 %

–

Max. monthly gain

3.25 %

–

Max. drawdown

-1.25 %

-10.84 %

–

–

Beta

0.04 %

0.12 %

–

–

Past performance and volatility does not guarantee future performance and volatility which may change over time, and can be affected by fluctuating exchange rates. Performance data does not take into account the fees and charges received when issuing and redeeming units.

Fund information

Inception Date (Fund)

27/02/2002

Inception Date (Part)

24/10/2012

Legal form

SICAV

Market index

MSCI AC World (Local) (NR)

Currency (fund)

USD

Currency (share class)

USD

Distribution Policy

Accumulation

Valuation frequency

Official Monthly / Technical Wednesday

Minimum initial investment

1000000.00 USD EQ EUR

PEA eligible

ISIN Code

LU0220401201

AuM (fund)

24 M (USD)

Regulatory authority

CSSF

EU Regulation

AIFM

Management company

Edmond de Rothschild Asset Management (Luxembourg)

Delegated Management Company

Edmond de Rothschild (Suisse) S.A.

Incorporation

Luxembourg

Representative agent

Paying agent

Maximum management fee

0,625 %

Current management fee

0.625 %

Subscription and redemption conditions

Subscription fee

5.00 % max

Redemption fee

3.00 % max

Performance fee

5,000 %

Fund documentation

(1) The rating grades the funds on a scale from 1 to 7. This rating system is based on the average fluctuations of the net asset value over the past five years. It corresponds to the variation range of the portfolio upwards and downwards. If the net asset value is less than 5 years old, the rating is determined by other regulatory calculation methods. Historical data such as those used to calculate the rating may not be a reliable indication of the future risk profile. The current category is neither a guarantee nor an objective. Category 1 does not signify a risk-free investment.